Oracle rose 2.3% during the afternoon session to $87.34 per share. As reported by Barrons: "Oracle Stock Is Upgraded. Analyst Sees Faster Growth in Earnings, Profit. ..." You can read more about it here. For those of you thinking about investing in the stock, here is a brief look at the company's fundamentals.
Oracle Corporation offers products and services that address enterprise information technology environments worldwide. The company belongs to the Technology sector, which has an average price to earnings (P/E) ratio of 26.5 and an average price to book (P/B) ratio of 5.57. In contrast, Oracle has a trailing 12 month P/E ratio of 20.9 and a P/B ratio of 28.4.
At today's price of $87.34 per share, Oracle is -0.22% away from its target price of $87.54, and on average, analysts give the stock a rating of hold. 0.8% of the company's shares are linked to short positions, and 42.9% of the shares are owned by institutional investors.